Max Loan Amount
Get up to Rs 5 Lakh
Personal Loan
Apply for an Instant Personal Loan up to Rs 5 Lakh - Your safe, secure & 100% digital journey
Easy Digital Process
Minimum Salary Required Rs 15K
Instant Approval in 10 Minutes
Calculate Personal Loan EMI
Get an Instant Personal Loan of up to Rs 5 Lakh
Looking for quick funds to make your dreams come true? Apply for an Instant Personal Loan online today from Hero FinCorp and open up a world of opportunities - whether it is a new gadget, vacation, medical emergency, wedding expenses or home renovation. With simple paperless application and a quick disbursal process, accessing quick funds has never been easier!
Enjoy the convenience of borrowing up to Rs 5 Lakh with Hero FinCorp Personal Loan. Take advantage of attractive interest rates, flexible repayment tenures of up to 36 months, and no collateral - all this with minimal documentation. Get instant loan sanction online through Hero FinCorp website or loan app.
Max Loan Tenure
Choose up to 36 Months
Interest Rate
Starting from 1.58% per month
Processing Fees
Minimum 2.5% of the loan amount
Key Benefits and Features of a Personal Loan
Enjoy the numerous advantages of a Personal Loan - from realising dreams to taking care of unplanned expenses with ease. A Personal Loan provides the financial flexibility and convenience you require. With a completely online application, instant approval and quick loan disbursal, accessing funds has never been more convenient. Here are the main benefits of applying for a Personal Loan online.
Flexible Loan Amounts
Avail loans between Rs 50,000 to 5 Lakh for multiple purposes like medical treatment, home improvement, or a holiday of your dreams.
No Collateral Requirement
You can avail a Personal Loan without any collateral, guarantor or security.
Instant Loan Approval
Get approval for your loan in 10 minutes when you apply online on the Hero FinCorp website or loan application.
Quick Loan Disbursal
Receive loan disbursal directly in your bank account, ensuring timely money when you need it.
Flexible Repayment Tenures
Select a repayment term, from 12 to 36 months, according to your budget and financial needs.
Competitive Interest Rate
You can avail competitive interest rates from 1.58% per month, making the cost of the loan affordable.
Paperless Application Process
When you apply online, you don't have to submit any physical documents. This saves your time and effort.
Processing Fees
Our fees for processing are between 2.5% and 3.5%, offering low-cost access to money with little cost upfront.
Personal Loan EMI Calculator
Before applying for an instant loan, use our Personal Loan EMI Calculator to calculate your monthly instalment. You just need to enter your Personal Loan amount, interest rate and repayment tenure in the calculator and it will show the EMI amount instantly on the screen.
Let us understand by an example: If you take an instant Personal Loan of Rs 50,000 at an interest rate of 19% per annum for a tenure of 12 months, your EMI amount will be Rs 4,608. The total interest payable will be Rs 5,296.
Personal Loan Use Cases and Real-Life Examples
Personal Loans can be utilised for many different purposes. Below are a few examples of Personal Loans use cases.
Medical Emergencies
Rahul Kumar in Delhi required quick funds for a medical crisis. He took a personal loan of Rs 3,00,000 and paid it through EMIs of Rs 10,997 over 36 months. The interest paid was Rs 95,892. Quick disbursal of loan helped him cope with hospital bills without any delay.
Wedding Expenses
Manish Mehra of Mumbai minimised the expense burden of his wedding by taking a personal loan of Rs 2,00,000. Having a 24-month repayment term, he paid an EMI of Rs 10,082, and the total interest paid was Rs 41,968. This helped him enjoy his wedding stress-free.
Home Renovation
Sameer Sirohi in Jaipur availed a personal loan of Rs 1,00,000 to redo his house. He opted for a 12-month repayment period with an EMI of Rs 9,216. The entire interest paid was Rs 10,592, making it a convenient option to enhance his living space.
Travel Expenses
Vijay Deol from Chandigarh wanted Rs 3 Lakh for a trip to Dubai. He applied for a personal loan for travel and paid it back with EMIs of Rs 10,997 each month for a period of 36 months. He was able to cover airfare, travel tickets, and anything else that came up on his trip.
Education Expenses
Sameer Sen in Kolkata reduced the financial stress of his son’s higher education by availing a personal loan for education. He took Rs 2,00,000 for a 24-month tenure at 19% per annum. He paid an EMI of Rs 10,082. The loan helped him pay for tuition fees, books and other expenses.
Women
Pammi Ahuja, a woman entrepreneur, needed urgent funds for business expansion. She borrowed a personal loan for women of Rs 5 Lakh for a three-year tenure at 19% per annum. She paid monthly instalments of Rs 18,328. The loan helped her open a new retail store.
Salaried Employee
Kartik Kumar aimed to restore his home. He availed a personal loan for salaried employees for Rs 2.5 Lakh at a rate of 19% per annum for 2 years. He paid back the loan in 24 monthly instalments of Rs 12,602. The loan helped him to cover labour, materials and transport.
Personal Loan Eligibility Criteria
Before starting the loan application process, confirm that you meet the eligibility criteria for Personal Loan to ensure a higher chance of approval. At Hero FinCorp, the requirements are simple to meet.
Age
You should be 21-58 years old.
Citizenship
To obtain a loan at Hero FinCorp, you must be an Indian citizen.
Work Experience
Self-employed individuals should have a work experience of at least 2 years in their line of business, whereas salaried individuals should have a work experience of minimum 6 months in their current job.
Monthly Income
You must have at least a monthly income of Rs 15,000.
List of Documents Needed for a Personal Loan
To take an instant loan from Hero FinCorp instantly, you require minimal documentation. The documentation may vary for salaried and self-employed segments, so ensure you have the correct ones in hand. Following is the list of documents required to apply for a Personal Loan.
Required Documents for Salaried
Proof of photo identity
Driver's Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Six Month Salary Slip & Bank Account Statement, Form 16
Job Continuity Proof
Appointment Letter From the Current Employer
Proof of Residence
Driver Licence, Passport, Aadhaar Card, Utility Bill
Required Documents for Self-Employed
Proof of photo identity
Driver's Licence, Passport, PAN Card, Aadhaar card
Mandatory Documents
Filled Loan Application Form, Passport Size Coloured Photograph
Proof of Income
Last Six Months Bank Statement, ITR for the Last Two Consecutive Years
Proof of Residence
Maintenance Bill, Utility Bill, Property Documents, Rent Agreement
Proof of Business Existence
Copy of Tax Registration, Shop Establishment Proof, Company’s Registration Certificate
Key Terms Related to Personal Loan
Before applying for an instant Personal Loan, you should know several terminologies that will help you manage your loan better.
personal loans Related Blogs
Frequently Asked Questions
A Personal Loan is an unsecured loan offered to salaried and self-employed individuals for different purposes. It's approved instantly and disbursed quickly with minimal paperwork and without security.
A Rs 15,000 monthly income is required for a Personal Loan application. The sanction of an instant Personal Loan also depends on your credit rating, documents, and job stability.
To avail a Rs 2 Lakh instant Personal Loan, your minimum salary should be Rs 15,000, along with a secure job and proper documentation.
You can use the online Personal Loan EMI Calculator by filling in the loan amount, tenure, and the Personal Loan interest rate to obtain instant and precise EMI details.
Hero FinCorp offers 10-minute instant Personal Loan approval with quick disbursal if you are eligible and apply online.
No, you cannot get an online instant loan without income proof. If you do not have conventional income proofs such as salary slips, you can provide alternate income proofs such as bank statements or Income Tax Returns. You can also add a co-applicant to your application.
A higher score improves your overall eligibility. You should have a required CIBIL score of 750 or more for quick approval and favourable interest rates.
Yes, certain pre-approved customers can obtain an instant loan without a CIBIL score, based on income, employment profile, and history of repayment.
To take a Personal Loan, you require KYC details (PAN card, Aadhaar card) and proof of income such as salary slips or ITR, based on your type of employment.
Yes, you can reduce your Personal Loan term by paying higher EMI or prepaying to reduce the interest burden and repay the loan sooner.
The EMI or equated monthly instalment of a Personal Loan depends on a variety of factors like the loan amount, repayment tenure and rate of interest. You can use a personal loan emi calculator online.
Hero FinCorp provides flexible Personal Loan tenures between 12 months to 36 months. You can select a repayment term that is comfortable for your finances.
Salaried applicants should have a minimum monthly income of Rs 15,000 to be eligible for an instant Personal Loan at Hero FinCorp.
Yes, you can apply for an instant Personal Loan after improving your credit score, updating documents, or resolving the reasons for rejection.
No, salary slips act as a proof of income for a Personal Loan application. It helps lenders assess your repayment capacity. You can provide alternate proof of income like bank statements, Form 16 or income tax returns.
Rejection of a loan can occur due to poor credit score, insecure job, having several loans, or insufficient documents. Ensure you meet the eligibility criteria before applying.
To get a Personal Loan on an urgent basis, you should apply online. You can apply through the Hero FinCorp loan app or website to get approval in 10 minutes.
You can take an instant Personal Loan of Rs 50,000 to 5 Lakh at Hero FinCorp, based on your salary, credit score, and paperwork.
Yes, salary slips act as a proof of income for a Personal Loan application. It helps lenders assess your repayment capacity.
Yes, you can foreclose or pre-close your Personal Loan by paying the outstanding sum and seeking a No Objection Certificate from the lender.
Some lenders may provide you a Personal Loan even with a low credit score, but you may be offered a smaller loan amount or a higher interest rate.
No, there is no tax exemption on Personal Loans, whether used for a specific purpose or not.
The Hero FinCorp instant loan app can provide you a Personal Loan at a competitive rate of interest with approval in 10 minutes.
At Hero FinCorp, you can track your instant Personal Loan status online through the website, app, customer care, or by visiting the branch. Keep your application number or registered contact details handy for verification.
No, documentation is necessary for the Personal Loan application process. However, when you apply with Hero FinCorp online, you do not have to submit physical copies of your document.
Here's a are the key differences between an instant Personal Loan and a regular Personal Loan:
| Feature | Instant Personal Loan | Regular Personal Loan |
|---|---|---|
| Approval Time | Within minutes | May take a few working days |
| Application Mode | Entirely online (website or app) | Online or offline (branch visits often required) |
| Documentation | Minimal; often paperless | Detailed documentation required |
| Disbursal Speed | Within hours of approval | After verification, disbursal may take some time |
| Eligibility Check | Automated, quick checks using digital data | Manual review of documents and credit profile |
Yes, it's possible to get quick approval for a Personal Loan for emergency. Salaried employees can apply either on the Hero FinCorp website or loan app and get the loan approval within 10 minutes.
To get an instant loan approval in 1 hour, you should apply using the Hero FinCorp website or loan app. When you apply online, the approval is instant, provided you meet the eligibility criteria.
No, you cannot get an instant loan without proof of income. Regular income is necessary, as it helps lenders ensure your loan repayment capability. In case you do not have a traditional proof of income, you can provide alternate proofs like bank statements, Form 16 or income tax returns. You can even apply with a co-applicant.
An instant cash loan is a form of Personal Loan available to both salaried and self-employed individuals. You can apply online and get instant approval. At Hero FinCorp, you can get an instant cash loan from Rs 50,000 to 5 Lakh for a tenure of 12 to 36 months.
To apply for an instant cash loan, you can use the Hero FinCorp loan app or website. Go to the Personal Loan page and click ‘apply now’. Fill your details and submit to get instant approval backed by quick disbursal.
You can apply for an instant cash loan either on the Hero FinCorp website or loan app. Go to the Personal Loan link and click the ‘apply now’ button. Fill in your details, including KYC information, and provide proof of income. Once you submit, you can get instant approval online.
If you are within the age range of 21 to 58 years, earn at least Rs 15,000 and have supporting income documents, you qualify to apply for an instant cash loan.
For an instant cash loan, you will need: KYC documents (Aadhaar and PAN card) and proof of income (Form 16, salary slips, bank statements and income tax returns) as applicable based on the nature of your profession.
You can repay an instant cash loan through EMIs using net banking, auto-debit, UPI, or other digital payment modes.
Instant cash loans have many advantages like attractive interest rates, flexible repayment tenures, quick approval and fast disbursal. These loans do not require any security or collateral. You only need to provide your KYC details and income proof.
To get an instant loan quickly, you should apply online using the Hero FinCorp website or loan app.
You can easily get a small or mini cash loan online. Just go to the Hero FinCorp loan app or website and apply with your KYC details and proof of income. You can get from Rs 50,000 to 5 Lakh based on your eligibility and needs.
The maximum amount of loan you can avail against a salary of Rs 22,000 would be based on a number of factors that include your age, credit score and debt-to-income (DTI) ratio. You can avail a Personal Loan of up to Rs 5 Lakh online without collateral at Hero FinCorp.
Yes, salary slips are an important requirement for a Personal Loan application. In case you do not have a salary slip, you can provide alternate proof of income, such as Form 16, income tax returns or bank statements.
You can afford a monthly EMI of up to Rs 8,800 per month with a salary of Rs 22,000, provided you have no other major loan instalment payable. You can use a Personal Loan Eligibility Calculator online to make an informed decision.
Yes, you can easily apply for a Personal Loan with a salary of Rs 22,000 without a guarantor or security, as these are unsecured loans.
The loan tenure may vary from lender to lender. At Hero FinCorp, Personal Loans come with a repayment tenure of 12 to 36 months.
Depending on your credit score, DTI ratio and age, you can avail a Personal Loan of Rs 5 Lakh from Hero FinCorp.
You can apply for a loan with no credit history at a salary of Rs 22,000, but you may get a lower loan amount or at a higher interest rate.
No, salary slips are an important requirement for a Personal Loan application. If you do not have a salary slip, you can provide alternate proof of income, such as Form 16, income tax returns or bank statements.
Amongst all, the Hero FinCorp loan app can offer you the fastest Personal Loan approval. If you meet the eligibility criteria and apply online, you can get approval within 10 minutes.
Yes, you can get loan approval within 10 minutes when you apply online through the Hero FinCorp loan app or website.
Your income shows your repayment ability. Higher income improves your approval chances, but then your credit history also affects your Personal Loan eligibility.
No, you can easily apply for a Personal Loan in Hyderabad without a guarantor or security, as these are unsecured loans.
There are many factors like your age, debt-to-income ratio and credit score that are taken into consideration while approving a Personal Loan.
At Hero FinCorp, you can get loan approval within 10 minutes when you apply online through the website or loan app.
At Hero FinCorp, the Personal Loan interest rate in Hyderabad starts from 1.58% per month.
You can get up to Rs 5 Lakh Personal Loan from Hero FinCorp with a monthly salary of Rs 15,000 per month. However, the loan amount will depend on a lot of factors like credit score and your debt-to-income ratio.
Yes, self-employed professionals and businesspersons can easily obtain a Personal Loan with Hero FinCorp in Hyderabad.
At Hero FinCorp, the documentation requirement is minimal. You only need your KYC details and proof of income.
You can know the status of your Personal Loan application online through the Hero FinCorp loan app or customer care.
Certainly, you can use a Personal Loan for health-related purposes or medical emergencies without hesitation as these are unsecured loans with flexible usage.
You can calculate your EMI instantly using the personal loan emi calculator available on the Hero FinCorp website. You just require your loan amount, interest rate and repayment period.
Of course, you can avail a Personal Loan for any personal need without any hesitation because these are unsecured loans with flexible use.
Yes, you can apply for a Personal Loan instantly in Siliguri online on the Hero FinCorp website or the loan app.
You need to be an Indian citizen aged between 21-58 years, earning from a minimum monthly income of Rs 15,000 and with work experience relevant to your profession (salaried: 6 months; self-employed: 2 years).
Personal Loan interest rates will vary based on credit score and loan eligibility. Hero FinCorp’s interest rates start from 1.58% per month or 19% per annum.
Yes, your credit score is important for your interest rates on loans. The higher your credit score, the lower your loan rates.
Of all lenders, Hero FinCorp is well-known to provide a Personal Loan in Siliguri with instant approval. When you apply online on the Hero FinCorp website or loan app, you can get approval within 10 minutes.
No, your credit score is an important requirement for approval of a loan. However, some lenders may provide you a Personal Loan in Siliguri without credit scores, but even then, they may provide either a small amount of loan or charge a higher interest rate.
Hero FinCorp requires minimal documentation for a Personal Loan in Siliguri. When you apply online, the only documents you need are your KYC details and proof of income.
Yes, you can get cash loans instantly from the Hero FinCorp loan app, provided you fulfil the loan eligibility requirements.
You can apply online to Hero FinCorp for a maximum loan of Rs 5,00,000 and the approval is given in 10 minutes.
The expected time for instant cash loan approval is 10 minutes when you apply on the Hero FinCorp loan app or website.
The factors determining the Personal Loan interest rate are credit score, income, employment nature, and tenure of loan. The lenders, such as Hero FinCorp, evaluate your profile to offer you the best Personal Loan interest rates beginning at a mere 1.58% per month.
Compare Personal Loan interest rates in India through lender websites or aggregators. Hero FinCorp provides low-interest Personal Loans with minimal documentation and instant approval to qualified applicants in India.
The APR on Personal Loans in India for salaried individuals is up to 30%. Hero FinCorp offers low interest Personal Loans starting from a minimum monthly rate of 1.58%.
Yes, even first-time borrowers are offered Personal Loans by lenders such as Hero FinCorp at low interest rates if they match the lending profile criteria. Our Personal Loan interest rates begin from 1.58% per month.
Both are equally important: better credit scores can enable a low Personal Loan interest rate, whereas shorter tenure loans come with higher EMI but enable savings on the interest payable overall.
Yes, you can use an online loan calculator to find out the Personal Loan interest payable, compare EMIs and understand the total loan cost to evaluate different schemes. Using Hero FinCorp's online Personal Loan calculator can help you finalise the optimum Personal Loan rate.
The interest rate on the Personal Loan varies from lender to lender. It may also differ based on the profile of the borrower. Hero FinCorp provides low rate Personal Loans at 1.58% per month.
Most of the Personal Loans in India are fixed rates. Hero FinCorp charges fixed interest on Personal Loans. That is, no surprises. So, EMIs remain constant during the repayment period.
Loan applicants with good credit ratings and steady income flow are more likely to obtain a Personal Loan with low rates. These types of applicants can always bargain with the lender on loan rates.
The EMI for a Personal Loan obtained with a salary of Rs 18,000 will depend on three factors: your loan amount, interest rate and repayment tenure. You can use our personal loan emi calculator to know your monthly instalment.
No, pay slips are needed by lenders to check your loan repayment capacity. You can show other income proofs like Form 16, bank statements or income tax returns.
You can apply online to get approval for a Personal Loan urgently. When you apply on the Hero FinCorp loan app or website, you can get approval within 10 minutes.
Yes, income proof, like your salary slips, bank statements, Form 16 and income tax returns, is needed for the assessment of your loan repayment capacity.
Yes, you can get a Personal Loan even with a poor credit or CIBIL score, but you may get a smaller loan amount or the lender may charge a higher interest rate.
You can easily get a Personal Loan on a salary of 18,000 from the Hero FinCorp app.
No, documents are necessary for the loan application. Some NBFCs like Hero FinCorp do not ask you to submit physical copies of your document when you apply online.
Yes, you can get approval for a Personal Loan for an emergency in 10 minutes when you apply through the Hero FinCorp website or loan app.
Depending on your eligibility, you can avail a Personal Loan of up to Rs 5 Lakh with a 19,000 salary from Hero FinCorp.
Yes, you can easily get a Personal loan with a 19,000 salary from leading lenders like Hero FinCorp. Make sure you have a good credit score and low debt-to-income ratio.
You should be a citizen of India between 21 and 58 years with a good credit score and at least six months of experience in your present job.
You can apply with top NBFCs like Hero FinCorp, who provide Personal Loans on a salary of Rs 19,000.
The interest rate may vary based on your credit score, debt-to-income ratio and lender’s policies. Ay Hero FinCorp, the Personal Loan interest rates start from 1.58% per month.
Your salary is one of the key requirements that help lenders assess your repayment capability. A salary of Rs 19,000 can help you get a Personal Loan easily from Hero FinCorp where the minimum monthly income requirement is Rs 15,000.
A good credit score of 750 or above can help you get favourable loan terms. At Hero FinCorp, you may secure a Personal Loan even with not-so-perfect credit scores.
No, if you do not have a salary slip, you can provide any other proof of income, for example, Form 16, income tax returns (ITRs) or bank statements.
You can apply through Hero FinCorp online by filling out an application with KYC details and proof of income and you can get approval of your loan in 10 minutes.
Yes, proof of income is required to apply for a Personal Loan. You can provide any proof of income, such as salary slips, Form 16, income tax returns (ITRs) or bank statements.
Some lenders may approve your Personal Loan on a Rs 25,000 salary, even if you have a low or poor CIBIL score. However, you may get a lower loan amount or higher interest rates.
You can apply through the Hero FinCorp loan app and get approval in 10 minutes for an instant Personal Loan.
No, documents are required for a Personal Loan application. Some lenders, like Hero FinCorp, do not ask you to send them the physical copies of your documents when you apply through online mode.